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Published on Friday, August 8, 2014 | Updated on Friday, August 8, 2014

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Weekly Regulation Update

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Summary

EUROPE Banco de Portugal applies a resolution measure to Banco Espiríto Santo (BES) It has been split into: (i) Novo Banco (a recapitalised bridge bank ready for sale) with depositors, holders of senior debt and most of the assets, and (ii) BES, which will bundle together the problem assets and will be […]

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